Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 september 2020

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

Diamcor receives C$1,2 mln under amended loan financing

27 august 2019

news_10082018_diamcor.jpgDiamcor Mining has received subscriptions under the amended loan financing for aggregate gross proceeds of about C$1,2 million.  
The previously announced initial $500,000 term loan has also been amended and is included in the proceeds, it said.  
Proceeds from the financing will be used for general corporate purposes, the deployment of additional operational equipment to support increased processing volumes, the continued advancement of the work programmes currently underway at its Krone-Endora at Venetia project, in South Africa.
The funds will also provide Diamcor with additional working capital to offset the time frames associated with the tendering and sale of rough diamonds in Antwerp. 
Term loans under the financing will be unsecured, carry an annual interest rate of 7% payable at maturity and the company will issue 1,425,600 common shares in its authorized share capital, along with 712,800 share purchase warrants to the lenders.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished